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    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Reasons to Consider PAVE

    Compelling Need

    The American Society of Civil Engineers assigned a letter grade of C to the state of U.S. infrastructure in its 2025 report card, highlighting the need for investment.1

    Multiple Long-Term Catalysts

    America is committed to improving its aging infrastructure. The Infrastructure Investment and Jobs Act, Inflation Reduction Act, and CHIPS and Science Act appropriated nearly $1tn to fund critical infrastructure projects.2

    Unconstrained Approach

    As the economy evolves, so do infrastructure needs. PAVE seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry.

    1American Society of Engineers, Mar 20252Politico, 2024

    Key Information As of 10/30/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $13.87 billion
    NAV $53.55

    ETF Summary

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction.

    ETF Objective

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development Index.

    Trading Details As of 10/30/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Number of Holdings 98

    Distributions As of 10/30/26

    30-Day SEC Yield 0.55%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 10/30/26

    NAV $53.55 Daily Change -$0.93 -1.71%
    Market Price $53.52 Daily Change -$0.97 -1.78%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 10/30/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -4.13% -3.99% 9.95% 11.02% 37.82% 271.87% 03/06/17
    Returns (as of 10/29/26)
    		Return PAVE Return Index
    Since Inception 286.41% 305.96%
    12 Months 16.15% 16.44%
    24 Months 24.02% 24.89%
    Last 60 Trading Days -7.18% -7.09%
    Last 75 Trading Days -3.91% -3.76%
    Monthly Returns (through 10/29/26)
    		Return PAVE Return Index
    Oct 2026 3.90% 3.93%
    Sep 2026 -4.15% -4.11%
    Aug 2026 -2.89% -2.84%
    Jul 2026 -4.37% -4.45%
    Jun 2026 4.75% 4.79%
    May 2026 -0.91% -0.89%
    Apr 2026 12.65% 12.75%
    Mar 2026 -7.74% -7.75%
    Feb 2026 8.58% 8.63%
    Jan 2026 6.20% 6.22%
    Dec 2025 0.94% 0.96%
    Nov 2025 0.56% 0.58%
    Oct 2025 1.28% 1.33%
    Sep 2025 2.48% 2.54%
    Aug 2025 1.77% 1.81%
    Jul 2025 4.84% 4.88%
    Jun 2025 5.25% 5.27%
    May 2025 8.11% 8.16%
    Apr 2025 1.84% 1.85%
    Mar 2025 -6.20% -6.17%
    Feb 2025 -5.01% -4.97%
    Jan 2025 4.64% 4.70%
    Dec 2024 -11.26% -11.22%
    Nov 2024 11.12% 11.19%
    Oct 2024 -0.05% -0.04%

    Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

    NAV & Index Chart

    Top Holdings As of 10/30/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.70 EMR EMERSON ELECTRIC CO United States 2313405 164.94 3,110,952 513,120,422.88
    3.69 NUE NUCOR CORP United States 2651086 273.87 1,869,278 511,939,165.86
    3.66 FAST FASTENAL CO United States 2332262 51.91 9,767,654 507,038,919.14
    3.60 DE DEERE & CO United States 2261203 675.48 738,964 499,155,402.72
    3.34 URI UNITED RENTALS INC United States 2134781 1,170.05 395,513 462,769,985.65
    3.25 UNP UNION PACIFIC CORP United States 2914734 304.00 1,481,208 450,287,232.00
    3.20 CSX CSX CORP United States 2160753 51.99 8,535,842 443,778,425.58
    3.20 NSC NORFOLK SOUTHERN CORP United States 2641894 342.64 1,293,294 443,134,256.16
    3.09 PWR QUANTA SERVICES INC United States 2150204 620.73 689,481 427,981,541.13
    3.08 ROK ROCKWELL AUTOMATION INC United States 2754060 436.20 978,573 426,853,542.60
    3.01 CRH CRH PLC United States B01ZKD6 90.81 4,598,840 417,620,660.40
    2.99 SRE SEMPRA United States 2138158 86.06 4,824,238 415,173,922.28
    2.97 PH PARKER HANNIFIN CORP United States 2671501 899.82 457,426 411,601,063.32
    2.90 ETN EATON CORP PLC United States B8KQN82 369.97 1,085,872 401,740,063.84
    2.78 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 410.00 939,682 385,269,620.00
    2.26 HWM HOWMET AEROSPACE INC United States BKLJ8V2 199.22 1,570,169 312,809,068.18
    2.22 VMC VULCAN MATERIALS CO United States 2931205 281.25 1,094,445 307,812,656.25
    2.20 STLD STEEL DYNAMICS INC United States 2849472 250.80 1,216,401 305,073,370.80
    1.97 MLM MARTIN MARIETTA MATERIALS United States 2572079 540.41 506,482 273,707,937.62
    1.84 EME EMCOR GROUP INC United States 2474164 679.55 374,834 254,718,444.70
    1.39 AMRZ AMRIZE LTD United States BV5F675 41.38 4,662,195 192,921,629.10
    1.37 ATI ATI INC United States 2526117 165.59 1,151,087 190,608,496.33
    1.36 HUBB HUBBELL INC United States BDFG6S3 422.44 445,703 188,282,775.32
    1.36 RS RELIANCE INC United States 2729068 436.91 430,589 188,128,639.99
    1.21 FTV FORTIVE CORP United States BYT3MK1 65.23 2,571,423 167,733,922.29
    1.11 J JACOBS SOLUTIONS INC United States BNGC0D3 154.62 995,974 153,997,499.88
    1.10 WWD WOODWARD INC United States 2948089 304.65 502,558 153,104,294.70
    1.05 IEX IDEX CORP United States 2456612 233.84 624,296 145,985,376.64
    1.02 WCC WESCO INTERNATIONAL INC United States 2416973 343.11 410,817 140,955,420.87
    0.93 CSL CARLISLE COS INC United States 2176318 376.31 341,311 128,438,742.41
    0.92 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 276.92 462,119 127,969,993.48
    0.92 TRMB TRIMBLE INC United States 2903958 64.94 1,966,241 127,687,690.54
    0.89 MTZ MASTEC INC United States 2155306 186.06 666,507 124,010,292.42
    0.89 RBC RBC BEARINGS INC United States B0GLYB5 462.21 266,830 123,331,494.30
    0.86 CRS CARPENTER TECHNOLOGY United States 2177504 283.08 419,083 118,634,015.64
    0.80 RPM RPM INTERNATIONAL INC United States 2756174 102.44 1,076,508 110,277,479.52
    0.73 MLI MUELLER INDUSTRIES INC United States 2609717 54.56 1,865,273 101,769,294.88
    0.70 CR CRANE CO United States BNYD4F8 198.02 487,075 96,450,591.50
    0.66 GGG GRACO INC United States 2380443 67.44 1,366,046 92,126,142.24
    0.65 PNR PENTAIR PLC United States BLS09M3 66.26 1,363,111 90,319,734.86
    0.65 STRL STERLING INFRASTRUCTURE INC United States 2632876 345.91 258,830 89,531,885.30
    0.64 RRX REGAL REXNORD CORP United States 2730082 157.24 561,505 88,291,046.20
    0.63 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 135.43 646,486 87,553,598.98
    0.63 AA ALCOA CORP United States BYNF418 39.19 2,225,867 87,231,727.73
    0.61 TTEK TETRA TECH INC United States 2883890 38.65 2,189,039 84,606,357.35
    0.58 AYI ACUITY INC United States 2818461 318.14 252,504 80,331,622.56
    0.53 WLK WESTLAKE CORPORATION United States B01ZP20 68.28 1,080,692 73,789,649.76
    0.50 VMI VALMONT INDUSTRIES United States 2926825 422.10 163,742 69,115,498.20
    0.50 ACM AECOM United States B1VZ431 63.34 1,084,062 68,664,487.08
    0.49 CLF CLEVELAND-CLIFFS INC United States BYVZ186 14.25 4,811,316 68,561,253.00
    0.49 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 159.95 422,279 67,543,526.05
    0.46 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 44.80 1,407,519 63,056,851.20
    0.44 EXPO EXPONENT INC United States 2330318 80.26 751,547 60,319,162.22
    0.43 FPS FORGENT POWER SOLUTIONS-CL A United States BV9C843 25.81 2,315,562 59,764,655.22
    0.43 CMC COMMERCIAL METALS CO United States 2213260 63.98 933,089 59,699,034.22
    0.42 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 64.91 907,242 58,889,078.22
    0.42 DY DYCOM INDUSTRIES INC United States 2289841 227.70 253,312 57,679,142.40
    0.41 TITN TITAN MACHINERY INC United States B29H3T5 23.86 2,375,019 56,667,953.34
    0.39 BMI BADGER METER INC United States 2069128 148.38 365,888 54,290,461.44
    0.39 TEX TEREX CORP United States 2884224 56.15 963,246 54,086,262.90
    0.37 DNOW DNOW INC United States BMH0MV1 16.31 3,130,400 51,056,824.00
    0.35 POWL POWELL INDUSTRIES INC United States 2697422 156.26 307,296 48,018,072.96
    0.34 EXP EAGLE MATERIALS INC United States 2191399 183.64 260,594 47,855,482.16
    0.34 RYZ RYERSON HOLDING CORP United States B3TPPZ6 31.15 1,517,266 47,262,835.90
    0.34 USLM UNITED STATES LIME & MINERAL United States 2724115 111.61 423,298 47,244,289.78
    0.34 HRI HERC HOLDINGS INC United States BZBZ020 165.76 281,666 46,688,956.16
    0.34 CALX CALIX INC United States B3S4L67 36.82 1,260,217 46,401,189.94
    0.33 MTUS METALLUS INC United States BNBPMX1 21.12 2,183,992 46,125,911.04
    0.33 LPX LOUISIANA-PACIFIC CORP United States 2535243 73.31 624,861 45,808,559.91
    0.33 GVA GRANITE CONSTRUCTION INC United States 2381189 123.62 368,989 45,614,420.18
    0.32 DXPE DXP ENTERPRISES INC United States 2276627 174.46 257,869 44,987,825.74
    0.32 CSW CSW INDUSTRIALS INC United States BYQD1J6 286.16 155,285 44,436,355.60
    0.32 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 102.63 430,531 44,185,396.53
    0.32 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 10.60 4,143,174 43,917,644.40
    0.31 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 14.97 2,902,621 43,452,236.37
    0.30 MDU MDU RESOURCES GROUP INC United States 2547323 19.72 2,131,329 42,029,807.88
    0.30 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 22.79 1,811,808 41,291,104.32
    0.30 TPC TUTOR PERINI CORP United States 2681760 79.82 514,237 41,046,397.34
    0.29 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 40.10 1,015,717 40,730,251.70
    0.29 GRC GORMAN-RUPP CO United States 2379281 71.93 566,164 40,724,176.52
    0.29 AGX ARGAN INC United States 2804501 344.11 118,257 40,693,416.27
    0.29 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 291.15 138,346 40,279,437.90
    0.29 WNC WABASH NATIONAL CORP United States 2932048 11.74 3,389,306 39,790,452.44
    0.29 IIIN INSTEEL INDUSTRIES INC United States 2325875 28.45 1,394,303 39,667,920.35
    0.28 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 89.80 433,278 38,908,364.40
    0.28 MTX MINERALS TECHNOLOGIES INC United States 2595612 62.74 615,737 38,631,339.38
    0.27 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 282.62 131,337 37,118,462.94
    0.27 TTAM TITAN AMERICA SA United States BNM4XQ7 13.87 2,654,765 36,821,590.55
    0.26 PRIM PRIMORIS SERVICES CORP United States B1GC200 72.77 497,378 36,194,197.06
    0.26 TRN TRINITY INDUSTRIES INC United States 2904627 29.46 1,225,932 36,115,956.72
    0.25 MWH SOLV ENERGY INC-CL A United States BWTRBN5 23.27 1,506,353 35,052,834.31
    0.25 CTRI CENTURI HOLDINGS INC United States BMDPVF7 21.49 1,627,946 34,984,559.54
    0.25 GBX GREENBRIER COMPANIES INC United States 2387530 39.01 874,621 34,118,965.21
    0.24 KNF KNIFE RIVER CORP United States BPLL4V5 57.50 580,515 33,379,612.50
    0.24 NWPX NWPX INFRASTRUCTURE INC United States 2035925 97.81 339,540 33,210,407.40
    0.24 CENX CENTURY ALUMINUM COMPANY United States 2186254 33.70 972,350 32,768,195.00
    0.23 ASTE ASTEC INDUSTRIES INC United States 2060370 39.27 801,810 31,487,078.70
    0.18 LGN LEGENCE CORP-CL A United States BT6CC17 38.83 648,352 25,175,508.16
    0.01 OTHER PAYABLE & RECEIVABLES United States 1.00 811,101 811,100.65
    0.00 CASH United States 1.00 169,257 169,257.22
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 09/30/26

    Sector Weight (%)
    Industrials 73.4
    Materials 21.9
    Utilities 3.2
    Information Technology 1.4
    Other/Cash 0.1

    Source: AltaVista Research, LLC

    ETF Characteristics As of 10/30/26

    Return on Equity 15.00%
    Weighted Avg. Market Cap 54,946 M
    2025 2026
    Price-to-earnings 29.09 22.49
    Price-to-book value 3.56 3.19

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 09/30/26

    Versus Beta
    S&P 500 1.11
    MSCI EAFE 0.91
    MSCI Emg. Mkts 0.54
    Standard Deviation 20.70%

    Source: AltaVista Research, LLC

    ETF Documents

    TERMS OF USE

    Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

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